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    FOR SALE
    Turn key restaurants

    1521 Yuma Palms Pkwy, Yuma, AZ 85365

    7,183 SF 1.04 ac lot Built 2007
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US07-0173273
    Property summary
    AI-generated overview

    This exceptional 7,274 square foot retail building, located at 1521 Yuma Palms Pkwy in Yuma, Arizona, presents a unique opportunity for a discerning tenant. The entire space is currently vacant, offering a blank canvas for a new business venture. The property is zoned for retail and restaurant use, making it ideal for a variety of concepts. Situated in Yuma County, with easy access from Yuma Palms Pkwy, this location benefits from high visibility and convenient access for customers. The building's substantial size allows for ample space for both customer areas and back-of-house operations. With 7,274 square feet of completely vacant space, this property offers significant flexibility in design and layout to perfectly suit the needs of a new tenant. The property is a multi-tenant building, although the entire space is available for lease. The address is 1521 Yuma Palms Pkwy, Yuma, AZ 85365. This prime location in Yuma offers excellent potential for growth and success. The property is ready for immediate occupancy, providing a swift start for any business. Interested parties are encouraged to inquire further to explore the possibilities this exceptional retail space offers. The property is located at the coordinates 32.6998031 latitude and -114.60175 longitude.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 2007
    Construction FRAME
    Total area 7,183 SF
    Lot 1.04 ac (45,259 SF)
    Zoning code B-2
    APN 665-32-071
    UPID US07-0173273
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Red Lobster Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $3.23M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $3.01M
    Blend (final) Blend
    $3.17M
    Owner & transaction history
    First Arizona Rl Associates LLC · 4 yrs held
    First Arizona Rl Associates LLC
    since 2021
    Last sale
    $3.3M
    6 recorded transactions
    2021
    $3.3M
    2016
    $3.0M
    2014
    $2.7M
    2009
    2009
    $10
    2007
    $835,000
    Zoning & alternative use
    B-2 · Yuma, AZ
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Office building $2.3M +8.8%
    Try Rey
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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